Question
The random variable $X$ can take only the values $0,1,2,3$. Given that $P(X=0)=P(X=1)=p$ and $P(X=2)=$ $P ( X =3)$ such that $\Sigma p_i x_i^2=2 \Sigma p_i x_i$, find the value of p .

Answer

Given $P(X=0)=P(X=1)=p$ and $P(X=2)=P(X=3)=k($ say $)$
The probability distribution of the random variable X is
X0123
P(X)ppkk
We know that $\sum p _{ i }=1$
$
\begin{array}{l}
\Rightarrow p+p+k+k=1 \Rightarrow 2 p+2 k=1 \\
\Rightarrow p+k=\frac{1}{2} \Rightarrow k=\frac{1}{2}-p
\end{array}
$
We construct the following table:
xiPiPixiPix2i
0p00
1ppp
2$\frac{1}{2}=p$1-2p2-4p
3$\frac{1}{2}=p$$\frac{3}{2}-3 p$$\frac{9}{2}-9 p$
Total $\frac{5}{2}=4 p$$\frac{13}{2}-12 p$
$
\begin{array}{l}
\text { Given } \Sigma p_i x_i^2=2 \Sigma p_i x_i \\
\Rightarrow \frac{13}{2}-12 p=2\left(\frac{5}{2}-4 p\right) \Rightarrow \frac{13}{2}-12 p=5-8 p \Rightarrow-4 p=5-\frac{13}{2} \\
\Rightarrow-4 p=-\frac{3}{2} \Rightarrow p=\frac{3}{8}
\end{array}
$
Hence, the value of $p$ is $\frac{3}{8}$.

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